Update November 8, 2006
Proposition 1D was passed by 56.4% of voters.
Proposition 1D in Plain English
This bond measure would provide $10.4 billion for modernization and new projects for schools from kindergarten to the university level. It would benefit K-12 public schools with $7.3 billion and another $3 billion for community colleges, the California State University and the University of California. The cost to the state is estimated to be $20.3 billion over 30 years.
Official Title and Summary
Kindergarten — University Public Education Facilities Bond Act of 2006.
- This ten billion four hundred sixteen million dollar ($10,416,000,000) bond issue will provide needed funding to relieve public school overcrowding and to repair older schools.
- It will improve earthquake safety and fund vocational educational facilities in public schools. Bond funds must be spent according to strict accountability measures.
- Funds will also be used to repair and upgrade existing public college and university buildings and to build new classrooms to accommodate the growing student enrollment in the California Community Colleges, the University of California, and the California State University.
- Appropriates money from the General Fund to pay off bonds.
Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:
- State costs of about $20.3 billion to pay off both the principal ($10.4 billion) and interest ($9.9 billion) on the bonds. Payments of about $680 million per year.
Analysis
- Official Legislative Analysis, California Legislative Analyst’s Office (PDF)
- In Depth Nonpartisan Analysis, League of Women Voters Ca.
Articles
- Education bond for bricks, mortar. Funds would go to charter schools, K-12. San Jose Mercury News
- On Nov. 7, Californians can choose to build for the future. San Jose Mercury News
- Editorial: Bonds for the future, Yes on Props. 1B, 1C, 1D, 1E and 84. Sacramento Bee
- Props. 1B, 1C, 1D, 1E and 84: Public works bonds: No. The infrastructure bonds will dangerously run up state debt for too little in return. Orange County Register
- The $46-Billion Questions Await State’s Voters, Ballot measures would release a torrent of spending on California’s infrastructure but test the public’s stomach for more debt and taxes. Los Angeles Times